Nifty-Intra Day Chart (27-Oct-2014):-
Technical Patterns and Formations in today intraday charts
1- Down moves in Bullish Falling Channel
2- Whole day actual trading between 7985-8038
Although slipping from higher levels and closing near the lowest of the day but Bullish Falling Channel formations seen which is a consolidation pattern therefore finally rally continuation is expected in the coming sessions
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1- Down moves in Bullish Falling Channel
2- Whole day actual trading between 7985-8038
Conclusions from intra day chart analysis
Although slipping from higher levels and closing near the lowest of the day but Bullish Falling Channel formations seen which is a consolidation pattern therefore finally rally continuation is expected in the coming sessions